Q: I think I have a really good idea for starting my own business, but I’m afraid to make a move that direction. I’d like to jump right into it, but I can’t quit my job because I can’t afford to lose the money. Where can I go from here?
A: This economy has inspired many entrepreneurs to give their business idea a shot. While small business loans are not as readily available as they were even a year ago, you may have to keep your hand in the day job (at least part time) until you are solvent enough to make the break 100%.
There are some amazing resources for entrepreneurs that are free like SCORE: Counselors to America’s Small Business and the Chamber of Commerce workshops in your communities. Seek out mentors and advisors who can help you create your business plan and establish what you need to make your business successful.
I have interviewed many women entrepreneurs who have utilized online resources like: Savor the Success and Ladies Who Launch to gain best practice ideas from successful entrepreneurs. Remember the trade and barter system is a great way to swap skills and services with other entrepreneurs without incurring costs.
If you can’t unearth the resources at the beginning to leave your day job and finance your new venture, develop a plan to roll out your new business incrementally. Work with a business coach who has experience in this area and create a realistic timeline that allows you to meet your goals.
